@TechReport{iza:izadps:dp6562, author={Baert, Stijn and Cockx, Bart and Verhaest, Dieter}, title={Overeducation at the Start of the Career: Stepping Stone or Trap?}, year={2012}, month={May}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={6562}, url={https://www.iza.org/publications/dp6562}, abstract={This study investigates whether young unemployed graduates who accept a job below their level of education accelerate or delay the transition into a job that matches their level of education. We adopt the Timing of Events approach to identify this dynamic treatment effect using monthly calendar data from a representative sample of Flemish (Belgian) youth who started searching for a job right after leaving formal education. We find that overeducation is a trap. This trap is especially important early in the unemployment spell. Our results are robust across various specifications and for two overeducation measures.}, keywords={overqualification;underemployment;school-to-work transitions;duration analysis;dynamic treatment}, }